Economics
Turkish Inflation Likely Slowed Last Month as Central Bank Wary
- Policymakers focus more on monthly and services inflation
- Turkey has held rates at 50% for seven months to curb prices
Shoppers in Istanbul.
Photographer: Nicole Tung/BloombergThis article is for subscribers only.
Turkish inflation is expected to have continued its deceleration for a fourth month in October, though officials focus more on other metrics to decide on the timing of an interest-rate cut.
Annual price growth probably fell to 48.3% in October from 49.4% in September, according to the median forecast of economists surveyed by Bloomberg. Monthly prices, the favored measure of central bankers, are seen to have eased to 2.66% from 2.97%.